Shanti Gold International Limited has informed the Exchange regarding Board meeting held on November 04, 2025.
SHANTIGOLD · price
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The board of Shanti Gold International approved the incorporation of a 100% wholly-owned subsidiary in Dubai, UAE, to be named 'Shanti Gold Jewellery Trading LLC' (or similar name as approved by local authorities). The new entity will act as a trading and resale hub for the company's full range of studded and plain jewellery, including brooches, earrings, necklaces, bracelets, rings, and bespoke pieces, targeting international customers in the Middle East. The company will invest AED 300,000 (approx. ₹68 lakh) in cash for full ownership, with expected incorporation by March 31, 2026, in compliance with UAE laws and RBI FEMA rules.
This is a modest investment aimed at strengthening the company's global footprint and brand visibility in the Middle East jewellery market. Short-term financial impact is limited given the small capital outlay, but it signals management's international expansion ambitions and could support long-term revenue diversification.